More

    AP7 blacklists coal and phosphate companies (IPE)

    Sweden’s AP7 has added two new companies to its investment blacklist and removed six more after the end of its standard five-year exclusion period.

    Bharat Heavy Electricals and NTPC were excluded from the SEK430bn (€41.6bn) pension fund’s investment universe for violating environmental standards through the construction of a coal-fired power plant near a world heritage classified national park.

    Bharat Heavy Electricals has been criticised for its plans to build the plant near the Sundarban mangrove forest – which straddles the India-Bangladesh border – for a joint venture between NTPC and Bangladesh Power Development Board.

    In addition, two companies already on AP7’s exclusion list – Agrium and Potash – have merged into a new company, Nutrien, which has subsequently been added to the blacklist.

    Latest Posts

    NordSIP Insights Handbook

    What else is new?